Hello everyone, first of all I just want to say that I just started my
tax business this year. I have used many of the suggestions here and they have been great so far. But now I have a question regarding offering referal fees. I saw this comment under the heading : " Managing your home based tax business when you are a working professional " that Thornell Johnson of
J&J Tax Service said " I offer my clients $75 for every referral that I get paid off .."
Would this be a write off or a gift? I was considering offering this type of referal fees to non-clients, but how would that work if I did not want to have any so called employees at this time. Would it be a business expense, would I have to issue a 1099 to the individual(s).
Thanks for listening and I hope that I make sense.